04.18.18

PMZ Realty Capital Arranges $19.5 Million Construction Loan for Hotel Indigo Mount Pleasant

New York, NY, March 6, 2018 – PMZ Realty Capital, LLC, a national boutique real estate investment banking firm focused on creating advantageous capital structures for its clients, has arranged a $19,500,000 construction loan for the Hotel Indigo – Charleston located in Mount Pleasant, South Carolina.

The 158-room boutique hotel is scheduled to open later this year and will be a place that inspires exploration with ties to the surrounding neighborhood with local experiences, culinary feats, and irreproachable service. The distinct atmosphere translates into every aspect of the hotel from their emboldened culinary creation at their onsite restaurant and bar.

“Construction loans are becoming increasingly difficult to obtain as lenders are reducing their allocations for them. We’ve been consistently successful helping our clients obtain new construction financing regardless of market conditions,” stated Michael H. Sonnabend, Managing Member, PMZ Realty Capital. “Our relationships with a breadth of lenders allowed us to help our client, a longtime PMZ client, secure new construction financing. The strength of the Charleston – Mount Pleasant Market as well as the successful track record of the developer made this transaction attractive to lenders.”

The property is centrally located next to the Arthur Ravenel Jr. Bridge, the “Gateway to Historic Downtown Charleston” and four miles away from the famous Charleston historic sites including The Market, King Street, The Battery, along with Charleston’s renowned restaurants, and boutique shops.

PMZ Realty Capital LLC is highly regarded within the hospitality industry for their integrity, creativity and advocacy on behalf of their clients. With over 75 years of combined experience, they are the industry experts and as such, are frequent contributors to industry publications and conferences. The firm approaches each assignment with passion, commitment and dedication to achieving the client’s objectives.

For more information about PMZ Realty Capital LLC or to contact the firm to finance your next hotel, contact Michael Sonnabend, Managing Member, PMZ Realty Capital LLC at (212) 277-8252.

About PMZ Realty Capital LLC
PMZ Realty Capital LLC is a boutique real estate investment banking firm that operates on a nationwide basis. Their advisory services are focused and highly specialized with the singular goal of creating the most advantageous capital structure for their clients. The firm focuses on debt and equity financing, note sales, joint ventures, recapitalizations and real estate advisory services. PMZ Realty Capital LLC is a national leader in hospitality financing and also has an extensive transaction history with other asset classes, including office, retail, self-storage, multi-family and industrial properties.

Our firm currently operates over 75 hotels and restaurants in the upper midwest. When we wanted to arrange financing for eight of our limited and full service hotels in Iowa and Kansas, we started working with Peter after he was highly recommended by several of my peers. He did not disappoint us. He understood our unique local markets and secured $60 million from a national insurance company. We have since engaged his firm several other times to arrange financing for us. There is no doubt in my mind that the professionalism and knowledge of PMZ will benefit anyone looking to finance or refinance hotels.

Bruce Kinseth
Executive Vice President, Kinseth Hospitality Companies